UBS Picks German Fund Management Software House

Investors Offshore, Brussels

14 January 2003

UBS has picked software house SeeBeyond to provide it with an integration platform linking its fund accounting platforms in Luxembourg and Basel. Based in Germany, SeeBeyond specialises in e-business and application integration solutions.

The bank is aiming to eliminate costly point-to-point interfaces, as well as increasing its efficiency in both internal and external data communications. UBS Global Asset Management will be deploying SeeBeyond’s Business Integration Suite to improve the management of internal and external business processes that are currently handled either via SWIFT or custom flat file interfaces.

UBS said it evaluated a number of competing products on the market before narrowing its selection to three integration providers. Among the competing vendors, SeeBeyond consistently achieved top scores in request for protocol process, and was ultimately chosen for its reliability, its level of automation, and its STP-oriented business process management capabilities.

Several key requirements of the selection process included high levels of business process automation, the ability to guarantee maximum reliability and to centrally define and monitor the flow of information.

“Implementing the SeeBeyond platform will allow us to streamline our fund administration processes and integrate internal and external applications and networks, such as SWIFT,” said Fredy Loepfe, executive director in the UBS global asset management division. “To achieve this, we were looking for a real-time integration infrastructure that would give us high performance levels with the scalability to handle future growth.”

SeeBeyond has been used by a number of big financial institutions in the past, including ABN Amro, Axa Group Insurance, BNP Paribas, BNP Luxembourg, Clearstream, Commerzbank, Nicholas Applegate Capital Management, and WestLB.

“Our ability to manage high volumes of data through specific business processes while providing a real-time dashboard to monitor those processes, puts us at the forefront of providing STP solutions,” said David Bennett, vice president and general manager at SeeBeyond.

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